Bajaj Auto records 9% contraction in auto sales in September
Bajaj Auto’s total auto sales in September 2021 were 4,021,021 units, down 9% from the 441,306 units sold in September 2020.
Total auto sales are 7.7% higher than the 3,73,270 units sold in August 2021.
While the company’s domestic sales contracted 16% to 192,348 units, export sales declined 1% to 209,673 units in September 2021 compared to the same period last year.
The company’s total 2-wheeler sales declined 11% year-on-year to 361,036 units during the month of September. Sales of two-wheelers in the domestic market fell 21% year-on-year to 173,945 units during the period under review.
However, total commercial vehicle (CV) sales grew 12% year-on-year to 40,985 units in September 2021. Domestic CV sales nearly doubled to 18,403 units in September 2021 compared to the same period last year.
Bajaj Auto is the world’s third-largest manufacturer of motorcycles and the largest manufacturer of three-wheelers. Its manufacturing facilities are located in Chakan near Pune, Waluj near Aurangabad and Pantnagar in Uttarakhand.
The company’s stand-alone net profit jumped 101% to Rs 1,061.18 crore in the first quarter of fiscal 22, from Rs 528.04 crore in the first quarter of fiscal 21. Net sales soared YoY 144.8% to Rs 7,216.57 crore in the quarter.
The script fell 0.25% to Rs 3,823 on BSE.
Powered by Capital Market – Live News
(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)